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Home โบ Stocks โบ Pure Storage Inc. (PSTG) Stock Forecast & Price Prediction United States | NYSE | Technology | Computer Hardware
$48.70
-0.28 (-0.57%)10 Quality Stocks Worth Considering Now
Researching Pure Storage (PSTG) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 38 Wall Street analysts, PSTG has a bullish consensus with a median price target of $70.00 (ranging from $40.00 to $93.00). The overall analyst rating is Strong Buy (8.2/10). Currently trading at $48.70, the median forecast implies a 43.7% upside. This outlook is supported by 15 Buy, 5 Hold, and 1 Sell ratings.
The most optimistic forecast comes from Howard Ma at Guggenheim, projecting a 91.0% upside. Conversely, the most conservative target is provided by Matt Bryson at Wedbush, suggesting a 17.9% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for PSTG.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Apr 28, 2025 | Evercore ISI Group | Amit Daryanani | Outperform | Maintains | $60.00 |
Apr 14, 2025 | Citigroup | Asiya Merchant | Buy | Maintains | $55.00 |
Apr 8, 2025 | Piper Sandler | James Fish | Overweight | Maintains | $53.00 |
Feb 27, 2025 | Needham | Mike Cikos | Buy | Reiterates | $75.00 |
Feb 27, 2025 | Citigroup | Asiya Merchant | Buy | Maintains | $77.00 |
Feb 27, 2025 | B of A Securities | Wamsi Mohan | Neutral | Maintains | $73.00 |
Feb 27, 2025 | UBS | David Vogt | Sell | Maintains | $50.00 |
Feb 21, 2025 | Citigroup | Asiya Merchant | Buy | Maintains | $80.00 |
Dec 17, 2024 | Morgan Stanley | Meta Marshall | Equal-Weight | Maintains | $72.00 |
Dec 4, 2024 | UBS | David Vogt | Sell | Maintains | $47.00 |
Dec 4, 2024 | Lake Street | Eric Martinuzzi | Buy | Maintains | $70.00 |
Dec 4, 2024 | Needham | Mike Cikos | Buy | Maintains | $75.00 |
Dec 4, 2024 | Barclays | Tim Long | Equal-Weight | Maintains | $61.00 |
Dec 4, 2024 | Evercore ISI Group | Amit Daryanani | Outperform | Maintains | $75.00 |
Dec 4, 2024 | Northland Capital Markets | Nehal Chokshi | Market Perform | Reiterates | $63.00 |
Dec 4, 2024 | Piper Sandler | James Fish | Overweight | Upgrade | $76.00 |
Dec 4, 2024 | Stifel | Matthew Sheerin | Hold | Maintains | $65.00 |
Dec 4, 2024 | Citigroup | Asiya Merchant | Buy | Maintains | $75.00 |
Dec 4, 2024 | JP Morgan | Pinjalim Bora | Overweight | Maintains | $75.00 |
Nov 19, 2024 | Citigroup | Asiya Merchant | Buy | Maintains | $63.00 |
The following stocks are similar to Pure Storage based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Pure Storage Inc. has a market capitalization of $15.93B with a P/E ratio of 157.1x. The company generates $3.17B in trailing twelve-month revenue with a 3.4% profit margin.
Revenue growth is +11.4% quarter-over-quarter, while maintaining an operating margin of +4.8% and return on equity of +8.3%.
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Provides high-speed data storage solutions.
Pure Storage generates revenue primarily through the sale of its flash-based storage products and innovative subscription-based pricing models. This allows enterprise clients to scale their storage needs flexibly while reducing overall IT costs, enhancing their data management efficiency.
The company targets industries with critical data management needs, such as healthcare, financial services, and retail. Known for reliability, scalability, and energy efficiency, Pure Storage is headquartered in Mountain View, California, and focuses on simplifying complex data environments.
Technology
Computer Hardware
6,000
Mr. Charles H. Giancarlo
United States
2015
Pure Storage (PSTG) closed at $47.58 in the latest trading session, marking no change from the prior day.
Super Micro (SMCI) delivered earnings and revenue surprises of 3.33% and 1.13%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
In the latest trading session, Pure Storage (PSTG) closed at $45.36, marking a -0.48% move from the previous day.
Pure Storage (PSTG) is gaining attention from Zacks.com users, indicating potential investor interest and warranting further examination of its future performance.
Increased attention from Zacks.com users indicates heightened interest and potential volatility in Pure Storage's stock, which could impact trading strategies and investment decisions.
Wall Street analysts' recommendations influence investor decisions on buying, selling, or holding stocks, with rating changes often impacting stock prices.
Analyst ratings influence stock prices, impacting investment decisions. Changes in recommendations can lead to volatility, affecting market sentiment and portfolio performance.
Pure Storage (NYSE: PSTG) will host a conference call on May 28, 2025, at 2:00 p.m. to discuss its data storage technology and services.
Pure Storage's upcoming conference call may provide insights into its financial performance and strategic direction, impacting investor sentiment and stock price.
Pure Storage (PSTG) closed at $47.58, unchanged from the previous trading day.
Pure Storage's stagnant share price at $47.58 may indicate market uncertainty or lack of momentum, impacting investor confidence and future trading decisions.
Pure Storage (PSTG) closed at $45.36, reflecting a decline of 0.48% from the previous trading session.
The slight decline in Pure Storage's stock price indicates potential volatility and market sentiment, which may influence investment decisions and future price movements.
Pure Storage (PSTG) closed at $45.38, down 0.7% from the previous trading session.
Pure Storage's slight decline indicates potential volatility or market sentiment shifts, affecting investor confidence and future stock performance.
Based on our analysis of 38 Wall Street analysts, Pure Storage Inc. (PSTG) has a median price target of $70.00. The highest price target is $93.00 and the lowest is $40.00.
According to current analyst ratings, PSTG has 15 Buy ratings, 5 Hold ratings, and 1 Sell ratings. The stock is currently trading at $48.70. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict PSTG stock could reach $70.00 in the next 12 months. This represents a 43.7% increase from the current price of $48.70. Please note that this is a projection by Wall Street analysts and not a guarantee.
Pure Storage generates revenue primarily through the sale of its flash-based storage products and innovative subscription-based pricing models. This allows enterprise clients to scale their storage needs flexibly while reducing overall IT costs, enhancing their data management efficiency.
The highest price target for PSTG is $93.00 from Howard Ma at Guggenheim, which represents a 91.0% increase from the current price of $48.70.
The lowest price target for PSTG is $40.00 from Matt Bryson at Wedbush, which represents a -17.9% decrease from the current price of $48.70.
The overall analyst consensus for PSTG is bullish. Out of 38 Wall Street analysts, 15 rate it as Buy, 5 as Hold, and 1 as Sell, with a median price target of $70.00.
Stock price projections, including those for Pure Storage Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.